At the end of the article I will provide two examples of stocks that can be traded on the New York Stock Exchange (NYSE) that show this setup perfectly. Scanning the New York markets I was able to find two examples of stocks that show the above rectangle trading range breakout characteristics. The chart below shows the stock in an uptrend with the consolidation range rectangle highlighted by the red resistance line and the blue support area. A similar setup to the one above was seen with the stock Boston Scientific (BSX). Boston Scientific Corp.


Consiglio: iscriviti alla newsletter di trading forex analisi, segnali e approfondimenti a questa pagina. Nel forex o in generale in qualunque tipo di mercato finanziario, il grafico puo assumere 2 stati principali, ed e importante conoscerli per operare con la propria strategia di forex trading. Quando siamo in trend, il modo migliore di fare trading consiste nell’individuare i momenti in cui queste brevi oscillazioni contrarie alla direzione principale stanno terminando, ed entrare quindi a mercato a favore del trend, questo sta alla base di qualunque strategia di forex trading. The stock was able to breakout from the resistance price of $90.00 yesterday and provide a buy signal.


Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas.



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Comments

  1. Bad_Boy

    As a followup to my stocks trading in a range earlier post regarding HFT Shield and allowing your creativeness to run amok and consider the.

    16.02.2015

  2. ERDAL_23

    Quick ranging from minutes brokers that offer the customer.

    16.02.2015